Is Advancing Futures bursary funding taxable?

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Is Advancing Futures bursary funding taxable?

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Yes. Educational expenses, as well as monthly living allowance are taxable. A T4A slip will be issued by the Advancing Futures bursary program for the amount of your bursary. All inquiries related to tax regulations should be addressed to the Canada Revenue Agency (CRA), (www.cra-arc.gc.ca).

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